Richard Thornton

Richard is the co-founder and co-CEO of Hokodo where he leads the back office functions including risk analytics, operations, finance and legal.

Richard was previously the Group Chief Risk Officer and then Group COO at the global (re)insurer, Aspen. Richard started his career working as an economist at the Bank of England before spending 14 years working in strategy consulting at Oliver Wyman’s Financial Services practice.

Fintechs vs. banks and insurers: are they competitors or collaboration partners?

Aug. 11, 2022 • Richard Thornton

There was a view that all the things which a bank or insurer does could be done better and cheaper by a technology-powered fintech. And there is still some suspicion in the market today.